How you can avoid huge consequences from small actions

[Subsonic]

You all should know the concept of a DARE (Downside asymmetric risk event)

We all understand how driving while drunk can potentially ruin a life. There is however more to DAREs. They can be evil and hide in situations many don't think about.

I recently mentioned in the inside chat how one DARE I fail to identify when I was a lot younger now really came back to bite me.

The thing is, that event was far from the things usually mentioned when talking about dares. It's not about drunk driving or unprotected sex.

Some far more innocent things can have massive downsides. You make out with a girl and then block her. You tell an annoying emo teen to kill himself. You use pirated images on your website.

On first sight those things don't seem to have that much DARE potential. But now look at this:

The girl keys your car.
The emo teen kills himself and credits you in his suicide note.
A piracy law firm comes across your website and now you have to pay tens of thousands in fines and legal fees.

The list could go on and on. You get the point: Your actions have consequences. In my case, my reckless action from years ago now changed my life for the worse and tool all the momentum I had in life, business and self improvement.

Especially watch out for things that seem insignificant to you. Just because you like telling people to "kys" and think it's funny doesn't mean it couldn't someday lead to your soul being tainted with feeling responsible for a suicide.

If you have a similar experience or took something away from this, I'd appreciate you taking the time to share it here.

 

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[Kevin88660]

You all should know the concept of a DARE (Downside asymmetric risk event)

We all understand how driving while drunk can potentially ruin a life. There is however more to DAREs. They can be evil and hide in situations many don't think about.

I recently mentioned in the inside chat how one DARE I fail to identify when I was a lot younger now really came back to bite me.

The thing is, that event was far from the things usually mentioned when talking about dares. It's not about drunk driving or unprotected sex.

Some far more innocent things can have massive downsides. You make out with a girl and then block her. You tell an annoying emo teen to kill himself. You use pirated images on your website.

On first sight those things don't seem to have that much DARE potential. But now look at this:

The girl keys your car.
The emo teen kills himself and credits you in his suicide note.
A piracy law firm comes across your website and now you have to pay tens of thousands in fines and legal fees.

The list could go on and on. You get the point: Your actions have consequences. In my case, my reckless action from years ago now changed my life for the worse and tool all the momentum I had in life, business and self improvement.

Especially watch out for things that seem insignificant to you. Just because you like telling people to "kys" and think it's funny doesn't mean it couldn't someday lead to your soul being tainted with feeling responsible for a suicide.

If you have a similar experience or took something away from this, I'd appreciate you taking the time to share it here.

You make out with a girl then block her- Police calls you for rape investigation.

You call a a teen to go “kys”. -Police calls you for death threat investigatioon.

Stay away from trouble unless you want to spend day, weeks or months not doing anything but defending yourself. You never know if you stepped on the toes of some really crazy people.

It is very difficult to enforce intellectual property cases when it crosses border into other juridications. Unless you are making big money you are not likely a target to get sued for such thing.

With smart phone these days the most relevant DARE is playing your phone while crossing the road.

Cybersecurity is a big issue.

Gone in 2 hours: Retiree loses $70k in life savings after installing fake Google Play app on phone

He had just gotten his pension totalling $30,000 in January this year. Within the same month, it was all gone, along with $40,000 of his life savings. Within two hours, his DBS bank account was near-emptied by cybercriminals. Their suspected modus operandi? Malware attached to a fake Google Play...

www.asiaone.com

Get 2fa done. Always impose a lower limit on all transactions. Lift the limit only when necessary and adjust them back.

 

[Jobless]

A good rule of thumb is to ask, if I did this action 100 times, what would be the likely result?

Something to think about when you associate yourself with bad people, smoke that cigarette, drive drunk etc.

When risk for catastrophy is low, we tend to underestimate the risk even further. With each repeat of the action and no catastrophy, we further dismiss the risk, encouraging ourselves to repeat the action. This increases the real risk, until catastrophy is inevitable.

 

[heavy_industry]

A good rule of thumb is to ask, if I did this action 100 times, what would be the likely result?

Best way to predict the future is to multiply your average day by 1000.

That's how your life is going to look in 3 years.

 

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[Subsonic]

Best way to predict the future is to multiply your average day by 1000.

That's how your life is going to look in 3 years.

Bookmarked, this just hit me in the face metaphorically speaking.

 

[Kevin88660]

https://www.police.gov.sg/media-room/news/20220614_police_advisory_phishing_scam_involving_malware_installed_on_phones

“Members of the public would receive advertisements for cleaning services via social messaging platforms. A link would be sent to the victims after they indicated their intention to engage the cleaning services. The scammers would tell the victims to make payment by downloading an application, believed to contain malware, using the link provided on the web page. After installing the application on their phones, the victims would be directed to make payments via legitimate banking sites using their online banking credentials. Unknown to the victims, the application would be able to access the banking credentials and SMSes sent to the victims’ phone. The victims would only realise that they had been scammed when they discovered unauthorised transactions made from their bank accounts”

 

[Kevin88660]

Lessons :

-Get 2FA done. Always impose lower limit on transactions. Lift the limit only when necessary and then lower them back.

-It is too often that credit card and debit card details get compromised. Put limits in place and only connect them to an account without too much cash.

-Be careful of android device. I have yet to hear iOS system getting malware that results in banking scam loss. Not a cyber security person myself but if any expert here feel free to share your opinion.

 

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[socaldude]

Some far more innocent things can have massive downsides. You make out with a girl and then block her. You tell an annoying emo teen to kill himself. You use pirated images on your website.

That’s great that you have awoken. Not many people “wake up” to these psychological mechanisms.

I think the key is when we realize we are actually damaging ourselves in the process.

 

[Kevin88660]

View: https://m.youtube.com/watch?v=mPPJ96QFfX4&pp=ygULQ2hhc2UgYWxsZW4%3D


Don’t F around to put your own life at risk. Driving drive around with a gun and challenging police stop overs.

https://www.news.com.au/technology/motoring/on-the-road/footage-emerges-of-mother-of-sovereign-citizen-shot-dead-by-police-in-similar-traffic-stop/news-story/a112c11546d62e8ec86bf8625fc33d2c

 

[farahead]

A good rule of thumb is to ask, if I did this action 100 times, what would be the likely result?

Something to think about when you associate yourself with bad people, smoke that cigarette, drive drunk etc.

When risk for catastrophy is low, we tend to underestimate the risk even further. With each repeat of the action and no catastrophy, we further dismiss the risk, encouraging ourselves to repeat the action. This increases the real risk, until catastrophy is inevitable.

Oh shiiiit, makes me realise ive done alot of Downside asymmetric risk events.
Im causious of the big DAREs (drunk driving etc) But never realised the small things that have asymmetric risk aswell.


Really good point!
I will be more careful and underestimate low risk. I really like the 100x priciple


Thank you for sharing!

 

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[Kevin88660]

Riding a motorbike is a socially accepted DARE…just to add in. It has a death rate comparable of being stationed in Iraq as a solider.